American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 435.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,186 shares of the company's stock after acquiring an additional 5,843 shares during the quarter. SRS Capital Advisors Inc.'s holdings in American Electric Power were worth $663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the 3rd quarter valued at about $33,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $35,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power during the fourth quarter worth about $35,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Electric Power during the fourth quarter worth about $49,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

NASDAQ AEP traded down $0.72 on Thursday, hitting $102.67. 1,227,501 shares of the company's stock were exchanged, compared to its average volume of 3,339,026. The stock has a 50-day moving average of $98.75 and a 200-day moving average of $98.55. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $109.52. The stock has a market cap of $54.75 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.97 and a beta of 0.50.

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American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the company earned $1.23 earnings per share. Analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, February 10th. American Electric Power's dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AEP shares. Bank of America upgraded shares of American Electric Power from an "underperform" rating to a "buy" rating and boosted their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reduced their price target on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets cut their price objective on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $98.46.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.